Markets were abuzz with a heavy flow of Q2FY26 earnings, corporate actions, and fundraise updates across sectors.
Key Earnings Highlights:
RVNL reported a 20% YoY dip in net profit to Rs.230 cr, though profit rose 72% QoQ on better execution. Revenue was up 6% YoY at Rs.5,122 cr.
Godavari Biorefineries narrowed losses to Rs.41.6 cr from Rs.75 cr YoY, while revenue grew 34% YoY to Rs.430.7 cr.
Landmark Cars turned around YoY with Rs.1.1 cr profit but slipped 84% QoQ despite 33% YoY revenue growth.
Excel Industries posted Rs.21.2 cr profit, down 41% YoY, with margins softening to 11.07%.
PTC India net profit stood at Rs.222 cr (-5% YoY) on Rs.5,458 cr revenue (+12% YoY), while signing a JV with NLC India Renewables to develop 2,000 MW green projects.
Systematix Corporate logged Rs.14.5 cr profit (-35% YoY, +64% QoQ) with robust revenue growth of 50% YoY.
Panache Digilife profit grew 71% QoQ to Rs.1.42 cr on 67% YoY higher revenue.
Mercury Labs profit surged 228% YoY to Rs.1.64 cr, while the company deferred commissioning of its injectable plant at Jarod to December 2026.
Abans Financial profit rose 50% YoY to Rs.38.18 cr on a 965% jump in revenue to Rs.6,831.7 cr.
Vesuvius India delivered Rs.61.5 cr profit (+23% YoY), maintaining stable margins at 16.9%.
Tera Software profit jumped 402% YoY to Rs.6.6 cr with a 182% YoY surge in revenue.
Transrail Lighting reported record half-year with Q2 profit up 65% YoY to Rs.91 cr; order book rose 46% YoY to Rs.15,116 cr.
Fortis posted Rs.328 cr profit (+70% YoY) on Rs.2,331 cr revenue (+17% YoY), with margins expanding to 23.9%.
Biocon returned to profitability at Rs.84.5 cr (vs Rs.16 cr loss YoY), with revenue up 20% YoY.
Atlanta Electricals posted Rs.25.1 cr profit (-7% YoY, +64% QoQ) on Rs.316.9 cr revenue (+17% YoY).
Tiger Logistics saw profit rise 14% YoY to Rs.8.6 cr and 83% QoQ, backed by 65% QoQ revenue growth.
Marathon Nextgen profit rose 35% YoY to Rs.66.5 cr with strong margins at 35.9%.
India Pesticides profit rose 22% YoY to Rs.31.6 cr on 27% higher revenue.
Dev Accelerator profit fell 72% YoY to Rs.1.76 cr, while revenue grew 50% YoY.
Corporate & Fundraising Updates:
Time Technoplast raised Rs.800 cr via QIP at Rs.201.12 per share.
Adani Enterprises approved a Rs.25,000 cr rights issue at Rs.1,800 per share with a 3-for-25 entitlement.
Kolte Patil Developers saw key leadership changes — Group CEO Atul Bohra resigned; Avani Davda appointed Independent Director; management strengthened with Blackstone’s backing.
Popular Vehicles extended guarantees for subsidiaries’ bank facilities totalling Rs.47.5 cr.
Hexaware Technologies to initiate legal action after failed mediation with a U.S. client.
Sir Dorabji Tata Trust inducted Bhaskar Bhat, Neville Tata, and appointed Venu Srinivasan as Vice Chairman.
Sector Watch:
Belrise expanded across EV, 4W, and Defence with multiple facility launches and new OEM orders.
PSU Banks: DFC SEC estimated India will need $40 trillion in bank credit for a $30 trillion economy, requiring $4–5 trillion in capital.
India–US Trade Deal: India awaits U.S. government response on pending trade agreement proposals.
Overall, corporate momentum remained strong across industrials, healthcare, and renewables, while fundraising and governance moves underscored confidence in long-term growth.
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